News

TUCSON, Arizona — Richmond American (NYSE: MDC) and Lennar Homes (NYSE: LEN) are the first two homebuilders to enter Santa Rita Ranch Phase III. Each builder purchased 68 SFR lots recently from Crown West Realty (Dean Wingert, VP) for a finished cost of $50,750 per lot, or $6.9 million.

The Santa Rita Ranch Specific Plan was first approved by the County in 1988 for 2,435-acres and up to 5,307 units. Stanley P. Abrams and Santa Rita Partnership were the applicants. Crown West acquired its portion known as Santa Rita Ranch III in 2013, a total of 182 acres and 330-lots being developed by Crown West.

Nestled into the foothills of the scenic Santa Rita Mountains. “Each additional phase of the community climbs higher into the

By Murphy Woodhouse Arizona Daily Star - Updated Oct 25, 2016

A 645-acre residential and commercial development south of Valencia Road near Ryan Airfield, which was idled during the Great Recession, has been revived.

The Pomegranate development could have as many as 2,658 homes in an area that county officials say has increasing interest.

“We are seeing growth out there,” said county planning official Chris Poirier.

Residential development trends have also been positive across Tucson, which has seen foreclosures fall and new home permits rise over the last year, the Star reported in July.

Dean Wingert, of Crown West Land Group, which purchased the foreclosed properties from lenders, said building at several nearby subdivisions, as well as a large land purchase in the area by

Just as the Gladden Farms Elementary School opened for classes this week, Lennar Homes purchased 60 SFR lots at Homestead at Gladden Farms for $2.64 Million ($44,000 per lot) from Crown West Realty (Dean Wingert, member). Richmond American Homes and Lennar will both be building at this subdivision, called Homestead.

Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moor Roads. There are currently 1,300 SFR homes built in Gladden Farms and 277 lots currently under development. With four homebuilders active in the community, makes it is one of the most active communities in the Northwest submarket.

KB Homes at Somerset at Gladden Farms is down to its last five lots of 148 homesites. Meritage

Wine, beer, and hard alcohol distributor Click Distributing East has nearly doubled its square footage after moving to new space in the Spokane Business & Industrial Park, at 3808 N. Sullivan Road in Spokane Valley. Terry Nichols, Click Distributing co-owner and general manager, says the company moved in September to its 40,000-square-foot space in the industrial park from a 21,000-square foot space in the same complex. “We were already tight in our old space and just couldn’t take on any more product,” Nichols says. The distributor now has 4,000 square feet of refrigeration space, compared with its previous 1,200-square-foot cooler. Click Distributing East, locally owned since 2002, has a total of 31 employees, with 16 full-time sales representatives taking orders from across Eastern Washington and

Press Contact:
Theron Neff
Land Advisors Organization
tneff@landadvisors.com
(480) 483-8100

Land Advisors Organization – Tucson Closes $1.6M Lot Deal in Gladden Farms

TUCSON, AZ, January 5, 2016 — The Tucson office of the Land Advisors® Organization (LAO), a premier nationwide land brokerage firm, announced today the successful closing of 89 platted and engineered lots in the Gladden Farms master planned community. Located along Tangerine Farms Road just west of Interstate 10 in Marana, Arizona, the Gladden Farms community consists of over 1,250 homes situated within lushly landscaped greenbelts.

Land Advisors Organization brokers Will White and John Carroll negotiated this transaction, representing the seller.

The platted and engineered lots were sold by Gladden Phase 1, LLC and was purchased for $1,682,100, by Meritage

Inland Northwest Business Watch
www.inlandnwbusiness.com

SPOKANE, WA- The wine and craft beer industry continues to be a strong spot in our local economy, which likely plays a big part in the recent relocation and expansion of Click Distributing East's distribution center and office's in the Spokane Business & Industrial Park. However they didn't move very far, Click moved from building 18 to building 29 still in the Business Park. But there space is now much larger, in fact the new space is almost double the size of their old space. Click had occupied 21,000 square feet and now has 40,000 square feet.

In addition to all new building space they also have new, more convenient cold storage area. Their space is equipped with a 4,000 square

AZ Big Media
www.azbigmedia.com

PHOENIX, AZ- Cushman & Wakefield has announced that locally based Crown West Realty has leased 55,501 square feet to Avesis Inc. for the new tenant’s corporate headquarters at Corporate Center, located at 10400 N. 25th Ave.

Cushman & Wakefield Senior Directors Tim Whittemore and Mike Sayre represented Crown West Realty in the transaction. Todd Noel with Colliers represented Avesis.

Corporate Center, which totals 109,332 square feet in the growing Metrocenter submarket, is now 50% leased. Avesis is relocating its corporate headquarters and regional sales office from 3030 N. Central Ave. and 4451 E. Oak St. in October. Avesis is a national vision company that contracts with optometrists and ophthalmologists to provide members the freedom to choose from thousands of providers in a nationwide

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com

SPOKANE - Lamination Technologies Industries Inc., a White City, Ore.-based manufacturer of laminated panels, doors, and decorative components, has leased 40,000 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan Road, and has moved its Spokane-area operations there from similiar-sized quarters at 1611 N. Molter Road. Chase Breckner of Crown West Realty LLC, handled the lease.

Journal of Business
Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com

SPOKANE - Hoskin & Muir Inc., a Livermore, Calif.-based specialty distributor doing business as HMI/Cardinal Shower Enclosures, has leased 13,300 square feet of space for a new distribution center in the Spokane Business & Industrial Park, at 3808 N. Sullivan Road.. Chase Breckner of Crown West Realty LLC, handled the lease.

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com

SPOKANE - C&C North America Inc., a Sugarland, Texas-based distributor and retailer of natural and manufactured stone surfaces, doing business here as Cosentino Center, has leased 22,600 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan, and plans to move its Spokane Valley operations there in August from smaller quarters at 10717 E. Montgomery Drive. Chase Breckner of Crown West Realty LLC, handled the transaction.